Offshore oil and gas is still a profitable business, and for companies with a foot both on land and in the sea, cash flows from offshore production help enable long-term growth from shale and unconventional assets.
Compared to offshore assets, which can take years to drill and develop, onshore offers operators more flexibility and predictability. As a result, offshore has found itself on the outside looking in on 2017 capital budgets, while onshore enjoys significant spending boosts.
US-based
